Voiceserve, Inc. Receives Contract With Leading Middle East Telecommunications Company
March 17 2011 - 8:00AM
Marketwired
Voiceserve, Inc. (OTCBB: VSRV), a low-cost, next-generation
Internet telephony software and service provider, announced today
that it has received an initial order from one of the world's
largest telecom providers headquartered in the Middle East,
operating in 18 countries across Asia, the Middle East and Africa.
This order represents the first in a series of similar arrangements
negotiated between the two companies.
The engagement involves the private branding of Voiceserve's
Vippie™ multifunctional communicator, a dialer that enables voice
over IP (VoIP) and SMS over IP, including instant messaging.
Vippie™mobile dialers can be used on most smart phones, such as
Symbian/Nokia, iPhone, BlackBerry, Android and Windows Mobile, and
enable users to connect to the Internet via WIFI/EDGE/3G, thus
avoiding expensive roaming charges.
"We diligently pursued this engagement over the last six months
with the adept support of our expert VoIP professionals. With a
substantial base of over 100 million subscribers, this contract win
presents sizable potential business opportunities, both in terms of
order frequency and dollar value. It also demonstrates our growing
presence in the Middle East and the 'smart phone' in general," said
Michael Bibelman, Voiceserve's CEO. "We have implemented various
corporate growth initiatives in 2011 that exploit our
comprehensive, single platform system and unrivaled smart phone
dialer capabilities. With further developments in the works, we
expect 2011 to be a highly successful year for our business."
About Voiceserve, Inc.
Voiceserve is a software platform provider focusing primarily on
delivering affordable, complete, next generation services to
Internet Telephony Providers (ITSPs). Products include VoipSwitch,
a custom modular all-in-one Voice over Internet Protocol (VoIP)
management platform licensing solution for resellers; VoIP airtime
minutes bundled with optional convenient features, including
virtual numbers, direct dial, web callback, and call forwarding;
IP-PBX; and mobile softphone, and video technologies. For further
information please visit http://www.voipswitch.com.
Certain statements in this news release may constitute
"forward-looking" statements within the meaning of section 21E of
the Securities and Exchange Act of 1934. The Company believes that
its expectations, as expressed in these statements are based on
reasonable assumptions regarding the risks and uncertainties
inherent in achieving those expectations. These statements are not,
however, guarantees of future performance and actual results may
differ materially. Risks and uncertainties which may cause actual
results to be different than expressed or implied in our
forward-looking statements include, but are not limited to, the
risk factors listed in the most recent Annual Report on Form 10-K
and described under the heading "Risk Factors" our Form S-1 filed
December 20, 2010. The Company expressly disclaims any current
intention to update any forward-looking statements as a result of
new information or future events or developments.
Contacts: Investor Contact: Grannus Financial Advisors, Inc.
Yvonne L. Zappulla Managing Director (212) 681-4108
yvonne@grannusfinancial.com Voiceserve, Inc. Alexander Ellinson
President & Chairman 011 44 208 136 6000 alex@voiceserve.com
TMC Contact: Jan Pierret Marketing Manager 203-852-6800, ext. 228
jpierret@tmcnet.com
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